National Minimum Wage
The new minimum rates of pay which came into effect on 01 April 2023 are as follows:
- 23 and over £10.42 per hour (previously £9.50)
- 21 to 22 year olds £10.18 per hour (previously £9.18)
- 18 to 20 year olds £7.49 per hour (previously £6.83)
- 16 to 17 year olds £5.28 per hour (previously £4.81)
- apprentice rate £5.28 per hour (previously £4.81)
Statutory Pay
Statutory maternity, paternity, shared parental and adoption pay increased from £156.66 to £172.48 per week from 02 April 2023.
On 06 April 2023 statutory sick pay increased from £99.35 to £109.40 per week.
Redundancy Pay
The cap for weekly pay when calculating redundancy pay also increased from £571 to £643 with effect from 06 April 2023.
Please get in touch with a member of our HR consultancy team if you have any queries regarding this latest round of increase or if require support in creating letters informing workers of a change in their pay.